Waters mineral - GST Rates HSN Code 2202

Are you a small or medium business owner or a startup founder in India? Are you confused about the GST rates and HSN code for Waters Mineral? Look no further, as we have the information you need to ensure compliance with GST regulations.

What is Waters Mineral?

Waters Mineral is a type of packaged drinking water that is sourced from natural springs or is treated and purified to remove contaminants. It is a popular product in India, where the consumption of bottled water has increased in recent years due to growing concerns about the quality of tap water.

GST Rates for Waters Mineral

Under the GST regime, packaged drinking water, including Waters Mineral, is classified as a taxable item. The GST rate for Waters Mineral is 18%.

It is important to note that the GST rate for packaged drinking water was increased from 12% to 18% in 2017. This means that businesses that sell Waters Mineral must be aware of the updated tax rate to avoid non-compliance penalties.

HSN Code for Waters Mineral

HSN stands for Harmonized System of Nomenclature, which is a system of classification used for goods that are traded internationally. The HSN code for Waters Mineral is 2202.

Businesses that sell Waters Mineral must use the correct HSN code to ensure compliance with GST regulations. This code is used to determine the applicable GST rate for the product.

Conclusion

As a small or medium business owner or startup founder in India, it is essential to stay informed about GST rates and HSN codes for your products. For Waters Mineral, the GST rate is 18% and the HSN code is 2202. By ensuring compliance with these regulations, you can avoid non-compliance penalties and keep your business running smoothly.